Potential pandemic. Investors dont seem to care. U. S. Markets close out the best quarter since 1998 with the s p 500 up 20 . Gold is trading near 1800. Shery lets get you started with a quick check of the markets. We are seeing u. S. Futures opening under a little bit of pressure at the moment, down 2 10 of 1 . This as we just mentioned, u. S. Stocks finishing the best quarter in more than two decades. We are talking about a 20 increase in the last three months. We have the s p 500 seeing the best two days in about three weeks. All 11 sectors finished up. The dow underperformed a little bit compared to other major indices. A plunge in boeing. Terminating their purchases of all remaining jets on order. Take a look at what oil is doing. We have seen it gain ground. It is continuing to rise near 40 a barrel. It just posted its best quarter in nearly 30 years, bouncing back from that historic price crash. Really climbing from negative territory in april. Haidi yeah, it really is the histo
President announcing an executive order, steps, and incentives. Without objection the chair is authorized to declare recess at any time. Two, thee 11 clause adopting of an amendment for which the yeas and nays are recorded. We havent you militarize and distribution list dedicated to circulating amendments. Exhibit motions and other written materials members may want to offer as part of the hearing. If you would like to submit material submi them to the email address submitted to your offices and we will circulate them as quickly as we can. I would ask members in person and remotely to mute your microphones when you are not speaking. This will prevent feedback and technical issues. You may unmute yourself when you seek recognition. Before we begin, i want to note the passing of the beloved wife of our colleague jim sensenbrenner. She was a tireless advocate for people with disabilities. She was a loving companion for 43 years. I know i speak for everyone on the committee in offering our
Harris Funeral Homes for six years until she told her boss she was going to live and identify as a woman. When harris homes responded by firing her, it discriminated against her because of her sex for three reasons. First, firing her for failing to conform to explicitly stated stereotypes about how men and women should behave. It discriminated against her in the same way as Price Waterhouse discriminated against anne hopkins for failing to walk and talk more feminine. It cannot be that anne hopkins would lose her case on the same facts. Second, harris fired her for identifying as a woman only because she was assigned male sex at birth. In doing so, they fired her for contravening a sex specific expectation that applies only to people assigned male sex at birth. Namely, that they live and identify as a man for their entire lives. That is disparate treatment on the basis of sex. Third, harris homes fired her for, and its owner words changing her sex. , that is discrimination in the same
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
Yet to be spent and frankly much of which we dont know what the actual need is out there until we have a better sense for what the revenue loss is to a lot of our state and local governments. They are sounding the alarm and justifiably worried about what happens if the downturn in the economy continues and what that might mean to their revenues. They are looking to washington, d. C. For assistance, and i think that as i said earlier in the cares package, there was 150 billion dollars that went out to state and local governments and there have been concerns about how those funds can be used. They were stipulated they had to be used for covidrelated expenses, and many state and local leaders were concerned that that did not give them the flexibility they needed to meet other types of needs. Well, the Treasury Department has in the past few days, madame president , come out with an interpretation that would allow those dollars, the 150 billion dollars already appropriated to be used to pa